Question

In: Accounting

Provide examples of companies that filed for Chapter 7 and Chapter 11 bankruptcy.

Provide examples of companies that filed for Chapter 7 and Chapter 11 bankruptcy.

Solutions

Expert Solution

Examples of companies that filed for Chapter 7 and Chapter 11 bankruptcy are as follows:

  1. A&P Retail Grocery : This is an oldest grocery retailing chain and it filed for bankruptcy has filed for bankruptcy under chapter 11. A&P were responsible for bringing in standardization and scale. They were the pioneers in creating the vertically integrated supply chain thereby manufacturing their own private label food items which is later delivered to their own stores using an integrated supply chain of warehouses and trucks owned by A&P.
  2. Sky Mall Flight Catalog: Sky Mall was a retailing vehicle . Every item on the catalog is actually a paid advertisement that has been placed there. Sky Mall was neither the purchaser nor the seller of the items stated in the catalog . They were also not responsible for warehousing the products specified in the catalog . In fact it was the company whose products were advertised on the catalog to do its own drop shipping and customer service. Sky mall was only incharge of processing the retail orders and payment.
  3. Radio Shack : Radio Shack filed for bankruptcy under chapter 11.
  4. Cache: Cache filed for bankruptcy has filed for bankruptcy under chapter 11, Cache is a woman’s luxury fashion retailer
  5. Wet Seal Stores: Wet Seal Stores filed for bankruptcy under chapter 11. Wet Seal Stores functioned as a single shack that sold bikinis.
  6. Family Christian Stores: Family Christian Stores filed for bankruptcy under chapter 11.

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